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life work for more families. another step we can take is on taxes. there's a lot of talk about taxes in washington right now. for most families, tax preparation is hard and is time-consuming. this time of year especially. think about it. think what they're going through. what tax form are you supposed to fill out? is it more beneficial to file jointly or as a married couple or separately? is a truck or gas mileage deductible? are you forgetting something the irs will give you credit for? and in 1935, the form 1040 was accompanied by a two-page instruction booklet. today, taxpayers have to wade through over 100 total pages of instructions. just filling out a w4 at a knew job is confusing. you really shouldn't need a work sheet to see how many dependents you have. chairman dave camp and his committee are already underway in their efforts to responsibly rewrite the nation's tax laws, as an education policy, health care and all else, tax reform should reflect the priority of working families, and the future they're trying to shape for their kids. if nothing else, we must stop putting spe
answer the 1% question. what tax rate would you be willing to be taxed at if people at that level are all taxed at a rate? >> i would go back to the eisenhower rate. you know what eisenhower was taxing people out? 70% to 90%. you want to go back to a rate where there is a supertax on the very rich and millionaires. you want to get rid of the loopholes. look at the capital gains tax of 15%. we are taxing work the barely taxing wealth region but barely tax and wealth. that is the wrong priority. -- we're taxing work but barely taxing wealth. the robin hood taxes an idea whose time has come. radicals light nicholke nicolasy and angela merkel have a tax on currency transactions that would bring in $350 billion a year. some of my heroes are the nurses of this country. national nurses united heal america. tax-loss >>> there are a slew -- tax on wall street. there are a slew of good things that 1%ers are for. >> he is not really offering of a lot. >> he is talking about being taxed less than his assistant. there is a group of patriotic millionaires. it is the belief that you owe backe to
have to connect the tax collector. as they scroll down you'll see the permits and licenses you'll need. f a business property register. public health, department of pickup health has any requirements as well as if you locate your truck on a piece of private property i have to interact with the planning department. so all these permits are all listed here and when the yours concludes on view details they'll see what they need to complete and the fees. i can download the form. this is our tax collectors application. and i can go back to the full report to see the rest of the forms with the county there's a fictitious business licenses we are providing information for the state and federal government whatever it's applicable. and some of the other things that are unique to starting a business in san francisco. for example, let's see someone wants to do a consulting business there are certain rules and guidelines to starting a business in your home. we've made easy links so the users can find it easily. building permits should they do any construction work or wait water charges >> and the
with tough budget decisions, including whether to raise taxes and fees or whether to make cuts. how will your approach these choices? supervisor kim: the budget is tough this year. even though our deficit is not as large as it has been, it is tough because we have made these cuts already, and did this point, we are cutting things we really do not want to cut. and it is painful. we will lose more potential services. we will also not be able to support our residents. we are looking at weekend meals for seniors. it is painful. i think we have to look at it as a combined approach. it has to be cut within city government that we can bear -- services that are less essential. second, you have to look at raising revenue in the city. i think it needs to be a combination. and third, need to be much better informed, and we have to ask our public employees to look at the budget. and they already have, but also to look back. it is a threefold approach to me. >> what are the city's housing needs him much of the board of supervisors to to address them? supervisor kim: it is tough, because we depend on the m
federal tax is taken out of think paycheck. the federal government views these to be taxable income. therefore city employees and others with same-sex spouses or domestic partners are taxed more than other city employees simply because their spouses are the same gender. this discame nation has caused same-sex spouses and domestic partners thousands and thousands of dollars each year and the city and county active members is approximately 386 as of the end of last year. san francisco always has been uni hope always will be a leader in supporting our lgbt community. following the example of other municipalities such as cambridge, massachusetts and google and could i hope we will do the same. this legislation will ensure same-sex domestic partners who work for the city and county of san francisco will not be burdened with these taxes. ultimately this is an issue of equality. the additional taxs is one of the many results of defense of act act or doma. married lgbt committees are already denied many rights and this additional tax adds another sting to the injustice of doma. this brings
additional growth in hotel tax revenues and so on. by using those conservative assumptions we have discussed and in agreements with sf travel we would establish a stabilization fund of approximately 2 million. and the idea was by looking at the last 10 years we realized [speaker not understood] general tax revenues were volatile. the idea is you could essentially get a 50 million loss over a given period. so, the idea that this account [speaker not understood] and would be replenished over time if the city should use it. additionally, using conservative rates, that could potentially be situationses where the city's component in addition to the 87.5% of [speaker not understood] would not be sufficient to pay debt service. the idea would be the city would pay that debt service and then get reimbursed with future collection. additionally, the [speaker not understood] fund is for the final -- the 20 47 maturity, which would -- because we're asking for an extension, we don't know what the market would be like. we proposed going further than the 20 45 expiration date of the district. this would al
was really high. the redevelopment by the state was a potential death now for the housing and our taxes stopped the growth of our economy. we in this room and many of us working together took on the story changes for our city some of which have vexed for years >> years. i'm proud that together we through innovation and we foerjd our way ahead. to the city commissioners and to the department heads and to our friends in the business, labor you think non-profit and other communities who spent countless hours with us in negotiations and to the great people of san francisco who rewarded us with your support at ballet in san francisco thank you, very much. together we're putting san francisco back on the right track and building a solid foundation for all our residents. my fellow san francisco's we're living in a time of astonishing innovation and unlimited process we're driving that innovation and for or against the future right here right now not just for san francisco but for the whole world. within the lab of our technologies we're developing techniques will will save lives. to our marke
? you have the jobless rate picking up, economic growth slowing down and the federal income tax turning 100 this sunday. fears are growing it's only heading higher. swatch out on the price of good friday. it's 14,000. >> let's celebrate. we're rich, we're rich again, part two. here's what i think about the income tax. remember those coffee mugs, life begins at 40? how about for the income tax life begins at 100. let's actually fix this thing, make it a little more favorable for businesses, for income, for individual income earners. i mean, that would be a lot better than at least leaving it at this rate. >> some say we've had it for 100 years. maybe we should keep it for the next 100. >> here's the thing. i'll tell you. it's been a rough 100 years with regards to income tax because there's been a lot of wrangle ling. if you just look at the numbers, we rely on the top 10% of taxpayers, jenna, as a country more than any other developed nation in the world. we know we have the highest corporate tax rates. >> you just don't want to pay your taxes. >> hello, irs, i don't want to pay my taxe
a tax shillings to the pound. another indicate the tax is paid and another indicate the taxes in arrears. james lacy was paid in full and not in a rears. the tax in 1846 was cut in half from the previous year. the year 1847 shows something else. the people were taxed in may of 1847 and made to pay a 4 fold increase and in october of 1847, 15 times what they were paying in 1846. this amounted to a 900 percent increase in tax in less than a year. still james lacy was paid in full and not in arrears. i show the book to the librarian who knows i am reading papers to look for clearance notices and says, there's your answer now you know why they left. newspaper mentioned the establishment of insolvant commission. in commission states the tax afforded the clearance amongers the most effective means of getting rid of this agricultural population. some landlords were praised as humane for forgiving 3-4 year's rent or accepting what people could pay. these landlords were in the minority and the landlord of cottage where nie family lived was not among them. rate payer books for 1848 is missing. the
through which we are able to attract a lot of our tourism and our tax dollars here in san francisco. and this is why we support it by our hotels and our hotel counsel as well. what i'm excited about is moscone is in our neighborhood and we have many residents in the area and they've done a great job of reaching out to. of our residents and we're really looking forward to building a stronger relationship, particularly with the senior community that resides in that area. we have a lot of senior citizens who are really excited on making moscone convention center not just an attraction for the city, but also more friendly and attractive for pedestrians including themselves. this is also just right next to neighbors, our youth and family zone. so, i think there is a lot of conversation not just with children's creativity museum, but other ways we can expand open space opportunities with the expansion we're talking about today. so really excited about all of these things. >> thank you very much, supervisor kim. and ms. sese, thank you for your comments as well. as we think about the expan
, but anyone can help a foster child. ao taxing. the forms, the math. uh, that one. but, with free file from the irs, it can be far less taxing because free file does all the hard work for you, with brand-name tax software or online fillable forms. even better, free file is free and it's exclusively from the irs at freefile.irs.gov. she's done. give it a shot. when i take a picture of this check, it goes straight to the bank. oh. oh look the lion is out! no mommy no! don't worry honey, it only works on checks. deposit checks from your smartphone with chase quickdeposit. just snap a picture, hit send and done. take a step forward and chase what matters. >> reporter: welcome back to our continuing coverage. the quest for the comeback this is video from the mission district. courtesy of our helicopter a partnership with abc seven. the police are staging a large amount of police. i know there are going to be double the amount compared to one the 49ers a celebrated in the month of october. >> pam: a san francisco city officials have made a point of stressing to everybody they want you to have fun
away from its all-time high and a taxing debate in washington. president obama once again says he's going to seek to get new revenue to help bring down the deficit and specifically, he's now calling out carried interest tax breaks again. we'll see where that goes. plus, the story that everyone is talking about this morning, the ravens holding on to beat the 49ers in the super bowl after the lights went out for 45 minutes at the superdome. we're going to try to keep the lights on. "squawk box" begins right now. ♪ if you like it then you should have put a ring on it ♪ ♪ if you like it then you should have put a ring on it ♪ >> good morning, everybody. i'm becky quick along with andrew ross sorkin. joe kernen is on vacation today so we're joined by steve liesman. we're happy to have him here. our top story this morning, the market. we have assembled a trio of wall street's most respected voices to join us for the next hour. we have a lot to talk about this morning. plus, there is that issue of the lights going out at the super dole last night. officials say an abnormality in
body was buried there. >>steve: straight head, he vowed not to raise taxes and his state is thriving. now louisiana governor jindal says he wants to share his tips with our present. brian's exclusive interview with that man interview with that man next. [ woman ] ring. ring. progresso. i just served my mother-in-law your chicken noodle soup but she loved it so much... i told her it was homemade. everyone tells a little white lie now and then. but now she wants my recipe [ clears his throat ] [ softly ] she's right behind me isn't she? [ male announcer ] progresso. you gotta taste this soup. fox our financial advice is geared specifically to current and former military members and their families. [ laughs ] dad! dad! [ applause ] [ male announcer ] life brings obstacles. usaa brings retirement advice. call or visit us online. we're ready to help. learn more with our free usaa retirement guide. call 877-242-usaa. it's not what you think. it's a phoenix with 4 wheels. it's a hawk with night vision goggles. it's marching to the beat of a different drum. and where beauty meets bra
. can you talk about the payroll tax issue and how it is helping san francisco in the region? >> thank you, james, for the question. let me say i am happy to be here in silicon valley. i know the relationship with san francisco, the valley, san jose, is extremely important. i wanted to be down here to join these electors panel of guests as well. the payroll tax in san francisco had been one -- i was here about a year ago explaining twitter. as everybody knows, they were not only threatening, they were planning to leave the city of san francisco. they had already identified a building. they said, we are about to grow to about 2000 employees and we are quick to get taxed for that. we think that is not going to be our business model. so we fought through it, david chiu, jane kim and i, we started to discuss with them, met with them. the key thing was job growth for our city, coming out of the economic challenges. so we started a good conversation, started the central market tax exemption. we got something out of it, which was to potentially relocate. they responded by signing the lease an
, it is the taxpayers who pay the taxes and we need to have some accountability and some transparency. i am not saying that this contractor is going to do his job i hope he does his job quarterly or twice a year or for the duration of this contract we get some reports. so that we can read and see what is happening. thank you very much. >> is there any other member in of the public that would like to make comments? seeing none public comment is close. (gavel) this is an action item. >> mr. chair? >> i know there is question about work between the mta and the transportation authority. can you talk about those issues and how they were resolved? >> both agencies have responsibility especially mta which has legislation for originating parking in public policy of the transportation authority addresses transportation strategies particularly because half of the -- in the city is regional. in fact mtc is providing local match for the study. the two agencies have come together to propose jointly managing the study. will come back to this committee the memorandum of agreement between the two entities f
were determined to protect in that debate was the new markets tax credit, something that has benefited some of these kinds of initiatives throughout the country. so whether it was long ago and the low-income housing tax credit of which mercy housing has participated in over and over again and the new market tax credit, one of the current versions of the story. or the section 8 vouchers or the rest of that, public policy has played a role. but we can only be successful in achieving the funding for that public policy if we have examples of national significance to say this must be a priority. and it is a priority because mercy housing and st. anthony's makes people the priority. results. deeds, not just words. the words are important, but they are no substitute for making something happen from it. we all know the gospel of matthew and i was hungry, you gave me to eat and that is what st. anthony's has done. when you were homeless, you gave me shelter and that is mercy housing and they have come together. it's not just about food and housing, but it's about dignity and stability and resp
a huge champion in you as we look at tax reform, we're confident that you will be with us on that issue. we get investors to buy the tax credits and that helps to pay for the building. it's a very complicated transaction and todd is here representing the foundation. they have brought in equity investment of over $1.2 billion. to give you a sense of how important they are and how important the program is. thank you. [ applause ] you know in san francisco, everything is green, but liz helps us go greener. and so they have provided an important pre-development grant to help us understand how to green this project and make them the most environmentally sustainability program. they are a huge partner with us nationally and with all the communities and the work that they do across the country. so thank you stephanie and liz. [ applause ] we have two different banking partners on this project that have combined to lend over $22 million to the construction loan on this project. citibank and silicon valley bank. merl is around. former mercy employee, also wonderful human being. merl is also h
to update my shirt. let's get hey! hey honey! hey alan. uh, hey.... i'm bob, we talked at the tax store. i did your taxes. i thought you were a tax expert? today, i'm a master plumber. major tax stores advertise for preparers with "no tax experience necessary." at turbotax, you only get answers from cpas, eas or tax attorneys - all real tax experts. ..es and all other major tax stores combined. live from new orleans.untdown i. the countdown is on. about 40 hours now away from kickoff. i had a chance to talk with a hall of famer steve young today. he was on the espn set. he was there in the 1994 season a life changed his life. >> how was the super bowl ring a life changing experience? it was for you. >> it is defining, right? in many ways if we would have lost that game you don't get to talk about it. the game stand alone in your whole career. >> i knew i was important because i would talk about it another 30 or 40 or 50 years. we will talk about the super bowl. it is the nature of the game. >> weather today in new orleans was warm and sunny. bit jim -- but jim harbaugh itions they would fa
, we talked at the tax store. i did your taxes. i thought you were a tax expert? today, i'm a master plumber. major tax stores advertise for preparers with "no tax experience necessary." at turbotax, you only get answers from cpas, eas or tax attorneys - all real tax experts. ...than h&r block stores and all other major tax stores [ female announcer ] hamburger helper stroganoff. beefy. creamy. stroganoffy. helpers. forty dishes, all delicious. i just finished a bowl of your light chicken pot pie soup and it was so rich and creamy... is it really 100 calories? let me put you on webcan... lean roasted chicken... and a creamy broth
, hey.... i'm bob, we talked at the tax store. i did your taxes. i thought you were a tax expert? today, i'm a master plumber. major tax stores advertise for preparers with "no tax experience necessary." at turbotax, you only get answers from cpas, eas or tax attorneys - all real tax experts. ..es and all other major tax stores combined. >> wake up weather. give yourself a little extra time in the morning. fog patchy drizzle may slow you down. low clouds out there. temperatures in the mid 30's to mid 40's so you need a jacket or sweater. upper 30's to upper 40's by 8:00 a.m. we have some showers in here on thursday. mike will be tracking the very latest computer model. to 7:00 a.m. >> okay thanks so much. >> when the niners lost the superbowl san francisco police chief greg sir lost a bet with an old friend that. means he has to do this dance. ray lewis squirrel dance kahn imagine what that will lack leak. what lewis did before every ravens home game. >> greg sir made the deal with former oakland police chief and current baltimore chief of police anthony bats. >> we made a fri
.... i'm bob, we talked at the tax store. i did your taxes. i thought you were a tax expert? today, i'm a master plumber. major tax stores advertise for preparers with "no tax experience necessary." at turbotax, you only get answers from cpas, eas or tax attorneys - all real tax experts. ...than h&r block stores and all other major tax stores games is tough enough, but because of the fog the warriors were forced to fly to tulsa earlier this morning, and then take an hour and a half cab ride to oklahoma city. they finally got to their hotel rooms around 4:00 a.m. golden state turned the ball over 19 times tonight. russell westbrook with the bounce pass to dure rapt for the jam. he had 25 points. the warriors were sleep walking the first half. westbrook scores over david lee and the foul. the thunder cruise to a 119-98 victory. kevin martin with the big finish and fall to 0-2 on the road trip. stanford was at arizona and hoping to cut the tree down to size. the cardinal was playing well of late and lead most of the way. down the stretch the wild cats take the lead. a season high 25 poin
mission for health. hey! hey honey! hey alan. uh, hey.... i'm bob, we talked at the tax store. i did your taxes. i thought you were a tax expert? today, i'm a master plumber. major tax stores advertise for preparers with "no tax experience necessary." at turbotax, you only get answers from cpas, eas or tax attorneys - all real tax experts. ..es and all other major tax stores combined. but when i cook up some beef, ketchup, relish and cheese, cover it with crescent dough and pow! cheeseburger crescent casserole. double awesome. pillsbury crescents. let the making begin. here's a better idea. pillsbury grands! flaky layers biscuits in just 15 minutes the light delicate layers add a layer of warmth to your next dinner. pillsbury grands biscuits let the making begin. games is tough enough, but because of the fog the warriors were forced to fly to tulsa earlier this morning, and then take an hour and a half cab ride to oklahoma city. they finally got to their hotel rooms around 4:00 a.m. golden state turned the ball over 19 times tonight. russell westbrook with the bounce pass to dure rapt for
body art. niners quarterback hey! hey honey! hey alan. uh, hey.... i'm bob, we talked at the tax store. i did your taxes. i thought you were a tax expert? today, i'm a master plumber. major tax stores advertise for preparers with "no tax experience necessary." at turbotax, you only get answers from cpas, eas or tax attorneys - all real tax experts. ...than h&r block stores and all other major tax stores it's not a candy bar. 130 calories 7 grams of protein the new fiber one caramel nut protein bar. of green giant vegetables it's easy to eat like a giant... ♪ and feel like a green giant. ♪ ho ho ho ♪ green giant sleep train'sor presidents' day presidents' day sale is on now. save up to $500 on beautyrest and posturepedic. get a sealy queen set for just $399. even get 3 years interest-free financing on tempur-pedic. plus, free delivery, set-up, and removal of your old set. keep more presidents in your wallet. sleep train's presidents' day sale is on now. superior service, best selection, lowest price, guaranteed. ♪ sleep train ♪ your ticket to a better night's sleep ♪ >> good
]. >> all right stay with us ba hey! hey honey! hey alan. uh, hey.... i'm bob, we talked at the tax store. i did your taxes. i thought you were a tax expert? today, i'm a master plumber. major tax stores advertise for preparers with "no tax experience necessary." at turbotax, you only get answers from cpas, eas or tax attorneys - all real tax experts. ..es and all other major tax stores combined. packs a whole lotta something special inside this little wax package. why go ordinary? try the special zip peel freshness that only comes from mini babybel. nice! yes! hey, girls. want the perfect snack accessory? it's totally natural, 100% delicious cheese! tasty. see? good things really do come in small packages. like rubies! girls like rubies... mini babybel cheese from the laughing cow. have you laughed today? it's important to follow cdc guidelines to help protect your family. wash your hands often. and clean your surfaces using a disinfectant to prevent the spread of cold and flu viruses. you can trust lysol because lysol disinfectant spray is approved to kill twice as many germs than any othe
, catherine! have we met? yeah, last week at the tax store i did your taxes. you work here too. yep. i thought you were an expert with returns? oh i am, especially after the holidays! major tax stores advertise for preparers with "no taxes experience necessary." at turbotax, you only get answers from cpas, eas or tax attorneys - all real tax experts. ...than h&r block stores and all other major tax stores combined. fichlt abc 7 fuss i team uncovered new complaint of excessive force used by vallejo police. this incident caught on camera. >> keep in mind the department is already reeling after a violent year including 6 people shot and killed by officers. >> dan is here now with an exclusive i team investigation. >>reporter: the story began when package arrived in the mail from someone inside the department. dvd. police report. letter complaining about a cowboy attitude by officers and command staff. imagine you are a police officer on patrol. warm enter day. when the call comes in. 22-year-old complaining his roommate beat him up and kicked him out of the apartment. >> are you injured. >
for additional space. some of our larger conventions who generate a large amount of revenue and tax dollars for the city are forced to look at other options, look at other cities because they're outgrowing our facility. as you know, tourism is is a major economic engine for san francisco. in 2011 we had over 16 million visitors. about 40% of those are international visitors and they spent over -- almost $8-1/2 billion in our economy, generating over 500 million dollars in local taxes. these are taxes that the residents of san francisco would have to pay if it wasn't for the visitors doing that. it created over 71,000 darer local jobs and really had a major factor in our economic recovery. conventions accounted for nearly $1.8 billion or 21% of all the tourism revenue spent in san francisco and 27% of all hotel room occupancy. * our independent study shows that without the expansion of moscone, where losing dollars right now, over $2 billion has already been lost between 2010 and 2019, for groups that had to leave san francisco or couldn't meet here because of the size of our center. and his
for lower middle class and middle-class people, people who are working and paying taxes. we need to have them here for a functioning economy. i am looking for ways to fund more of that kind of housing, particularly for a central employees like teachers, nurses, first responders. we need to make sure that our development is a transit- oriented. we do not want to encourage suburban sprawl. we want to do infill housing so that people can live near where they work and near public transportation. >> let's talk about public transportation. is there adequate muni service in your district? what is the parking and traffic situation like? >> muni is not near where it needs to be. in the caster, we have the subway. -- in the castro, we have the subway. a can be terrific or frustrating. we are next to the bart line. in other parts of the district, is unreliable. the writeridership is lower bece of unreliability. other lines are not as frequent and people not think of using them. we have a particular problem in diamond heights. the neighborhood is served primarily by the 52 line. it is incredibly unr
to your attention last fall san francisco voters passed a tax-change measure. and the mayoral spokesperson in a later article indicated there likely could be more money from this new local tax measure that replaced an outdated one. to the extent that the office of disability, department of aging and adult services and mod can monitor the income from this new tax, i'm going to suggest that some of that extra money could be devoted to restoring some level of the cutbacks already made locally. but statewide is the larger issue. that is where the major changes have come. so i also wanted to alert you to a program called "a california budget for all of us." it's convening groups include well-known groups like the western center on law and poverty, health access, the california partnership, and the california immigrant policy center. the mantra is "restore, rebuild and reinvest." so this advocacy will be taken up by various groups including the california alliance of retired americans. there are four polices that are coming from this california budget for all of us. four polices for the coming
of the victims. >> reporter: tax season is here and so is the w2. if there is a headline, go check our mailboxes before someone else does. >> reporter: this quiet street lined with mailboxes had a recent visitor. >> a knock at the door that never happens. >> reporter: on the other side of the knock was a police officer. >> in his hand was my w2. he arrested a gentleman that -- for a different reason and in his bag was w2s. >> the ir "s" announce -- irs announced a sweep targeting dozens of suspects. it ended with 109 arrests and 189 indictments. he said as tax season begins, there is a heavy price to pay for pertraitors. >> when you -- perpetrators. one of her neighbor's statement got ripped off. within a day $4,000 was charged. the neighborhood feels violated. >> absolutely. because now i am going can someone open a checking account in my name, a credit card, can they file taxes under my name. >> reporter: the surgent didn't return my call about this case, residents here in the same neighborhood told me an officer was returning stolen documents to some of them last night. live, mike mibach, kt
, after paying $24 billion in taxes in 13 weeks. where are those shares operating? nicole: let's take a look, shares are up slightly, up 1/2%, oil around, earnings have been on the rise, earnings rose 5.9%. chemical and refining earnings provided a boost and where they did see production fall to three year lows. is a big tax payout. charles: those devious deal oil--oil companies courting the money. thanks a lot. it was january to remember for markets. it has been huge but not so much for apple shares. stock down 14% this year. and flat over the past 12 months. it has been tumbling and you see is that $2.34 hovering around at 450 area. a different story. for the blackberry that is a 9% in january all bound down 24% over the past 12 months. at stock has been extraordinarily volatile up $0.43, $13.40. we will keep an eye on them for you. the jobs report we want to bring in austan goolsbee, professor at university of chicago school of business and former white house economic adviser in chicago. thanks for joining us. your initial assessment of the jobs report number? >> rider around expec
the president says must be balanced with taxes. >> it's critical to cut wasteful standing. we can't just cut our way to prosperity. deep indiscriminate cuts to things like education, training, inauguration, and national security, will cost jobs and slow down the recovery. >> shepard: runs say they already agreed to tax hikes and they aren't going to do it again. john boehner says we believe there's a better way to reduce the deficit but americans do not support less spending cuts for tax hikes. what some aresome of the details of what the president wants? reporter: the president is looking to crop $100 billion from the def site to buy an agreement that cuts a trillion and a half over the next ten years. he says the offer he made in late 2011 is still on the table. republicans say any additional revenue from tax reform should be used to lower everyone's tax rates. the president wants to cut the deficit. he says we can't afford to use it the way republicans want. >> if we are going to close these loopholes, there's no reason we should useoo the savings we obtain and turn around and spend that on n
taxes about 4% of a household's income. in san jose, kris sanchez, nbc bay area news. >>> comments about traffic in los angeles, turns out traffic here in the bay area is just as bad. tonight a new study reveals our dubious link with southern california. res researchers say we have the second worst traffic congestion in the nation. experts say there's no fix. a live look at our evening commute. it doesn't look so bad. let's bring in bay area's marianne favro with the details. >> reporter: whether you watch here in oakland or here in fremont, you are part of the second worst commute in the nation when it comes to hours spent waiting in traffic. a new report from the texas a&m transportation institute says only washington, d.c., drivers spend more time waiting in traffic. the study found in 2011 you spent on average 61 hours sitting in your traffic. want to put a price tag on that wasted gas and time? the institute says on average we lost $818 in a year because of those delays. then there are the health costs. the study also found the average bay area commuter put carbon dioxide into the a
and taxes paid by our visitors that are staying there. for these reasons, the hotel community is proud to partner with the city and we thank you to help grow our economy through the joint investment opportunity, we will be entering into with the approval of the proposals that are before you here today. * so, we thank you and we thank supervisor kim also for her partnership with us on this. >> thank you very much. next speaker, please. >>> good afternoon, supervisors. my name is james lim, i'medth regional managing director for [speaker not understood] hotels. [speaker not understood] operates 11 hotels in the city and it's spread throughout the neighborhoods as well in downtown san francisco. we support over 800 jobs, local jobs in the city as well. some of our hotels include the [speaker not understood] in japantown, the hotel rex, carlton, laurel lynn at laurel heights, [speaker not understood]. what's wonderful about this initiative is that we know that many of our downtown hotels benefit whenever there is a convention in the city. and what happens is that it creates compression and
. these are the smaller projects; prop k has money for curve walks, pedestrian signals, the major feature of the sales tax program. i have the audit on the agenda. congratulations to cynthia and the board; we continue to have a good credit rating. we have not had to issue bonds but we are prepared to that. we have negotiated a letter of credit; there is a significant cost savings, just under 1 million dollars a year that are now available for projects. we have had a big office move; congratulations to cynthia and her staff. if you have not looked at the window recently it is converted to residential use. last but not least i want to reiterate what jose luis and the chair have said about the leadership of the board; and more more about the public and private partners. a huge thanks to the wonderful staff past and present and our interns who have done amazing things. i want to mention anthony adams who created interactive maps. you can find the project, cost phase and completion. we expect this to go live next month. thank you. >> thank you for your presentation; the interactive map something and fanta
scheduled to begin march 1. it is including tax changes. the president spoke to reporters for just over five minutes. >> good afternoon, everybody. i wanted to say a few words about the looming deadlines and decisions that we face on our budget and on our deficit, and these are decisions that will have real and lasting impacts on the strength and pace of our recovery. economists and business leaders from across the spectrum have said that our economy is poised for progress in 2013. and we've seen signs of this progress over the last several weeks. home prices continue to climb. car sales are at a five-year high. manufacturing has been strong. and we've created more than six million jobs in the last 35 months. but we've also seen the effects that political dysfunction can have on our economic progress. the drawn-out process for resolving the fiscal cliff hurt consumer confidence. the threat of massive automatic cuts have already started to affect business decisions. so we've been reminded that while it's critical for us to cut wasteful spending, we can't just cut our way to prosperity. deep,
connection. and, in fact, that they would -- because they are not required to pay a state tax on the service connections, they would decrease the cost of our service connection by the cost of that tax, which is rough life $650,000. and their service connection would be subject to the same refunds as the pg&e service connection. so that we're at a very equitable basis, but realizing about a $650,000 initial savings on cost of service. it's worth noting also that the puc has additional energy-efficiency rebates that they have indicated that the transit center might be eligible for above and beyond those offered by pg&e. and that puc primarily, because they are primary hetchy and solar power that they are 100% greenhouse gas-free service to the tjpa. so in summary, the sfpuc is offering us an ongoing service rate that would be 10% lower than pg&e's. an initial cost of connection that is again roughly $650,000 less than pg&e's. and has a comparable level of reliability of service. and so the recommendation is that the board authorize staff to negotiate an agreement with puc. >> thank you. act
used to be a line item in the budget, but you recall a couple of years ago there was a gas tax swap, a complicated maneuver to ensure that transportation funds continued to flow. the result is that the state transit assistance is now based on the details sales tax receipts. that is a fluctuating amount of money and therefore we only rely on the projections over the course of the year. so far it looks pretty good. the other big news is that the state is looking pretty good. troop prop 30 passed, significant dollars in projected revenue. so i think we find ourselves in a cautiously optimistic time. we'll be following that as the year unfolds. we participate in that process through various trade associations and our meeting, in fact, next week with the commit staff working on the bill to have california's law conform for the federal law. cap and trade another very large statewide issue. san francisco as a city family is engaging on that through our advocacy, our lobbyists, as well as the league of cities, california state association of counties and others who have an interest in maki
to tax themselves more to pay for it? our news reporter cornell bernard is live with that story. >> the state of the city is wet today but pretty good. we sat down together to get a preview of the address. he plans to ask voters for help to john rate more revenue. >> things are getting better. >> he says they are improving despite many challenges, including a rising crime rate and creating more jobs. the mayor will talk about plans to support police services and restore pay to worker whose took cuts to help balance the budget in recent years. to do that a sales tax increase is needed. >> we have to go to the ballot to get permission. that would be in 2014. it depends on the voter support. we have done some polling. the voters think we are moving in the right direction. >> that poll shows 70's percent of voters may support a quarter percent sales tax increase but only 57 percent favor half a percent high. and a worker at a maintenance worker that contracts with the city likes anything that will help keep his job. >> another tax hike could be a tough sell. >> people reach fatigue
revenue is needed to bring down the deficit but believes it can be done without another tax hike. speaking to cbs news anchor scott pelley yesterday, the president said the u.s. can reduce its deficit by closing tax loopholes and making what he calls smart budget reductions. >> if you combine those things together, then we cannot only reduce our deficit, but we can continue to invest in things like education and research and development that are going to help us grow. >> well, today the president travels to minneapolis where he'll push for proposals to gun control durs his visit. susan mcginnis is in washington. good morning. >> good morning. this will be the president's first trip outside washington to push his gun proposalproposals. he's pushing for a big rally in support of this. in the meantime the senators are said to be preparing their own legislation very similar to the president's employee posal but conspicuously absent is the assault weapons ban. he takes his pitch for gun safety to minneapolis today. he wants congress to require universal background checks, limit how many bullets
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